We are Bright:

Bright is a consumer fintech that helps Americans get out of debt, with the power of data science and machine learning. It is a mobile app that combines all the tools and tech needed to manage and get rid of debt.

Bright's tools include credit score building, automated debt paydown plans, financial planning, budget planning tools, and refinance loans. It works with credit cards, student loans and car loans.

Bright has had 6x growth in the last year, with 300,000 users, and more than 100,000 ratings and reviews.

Bright is backed by three major venture capital funds (Sequoia, Falcon Edge and Hummingbird) and with top angel investors from the US, UK and India, Bright has raised +$40 million in funding to date.

Bright has recently raised $50M in debt funding from Encina Lender Finance, for its credit business growth. Encina Lender Finance provides lending solutions to consumer and commercial speciality finance companies across the U.S. and Canada.

Today we are among the top 8 US FinTech companies. We will become a top-100 US financial institution, with the unique strength of data science and predictive modelling to enhance financial products for a user's life outcomes.

We will be the first at-scale Consumer Tech company, built in India for Global markets.

About Our Founders:

Bright was founded in 2019 by a founding team from McKinsey's Banking Practice (Petko Plachkov and Avi Patchava) and InMobi Data Scientist (Avi Patchava, Varun Modi, Avinash Ramakath, Jayashree Merwade).

What is role about

An Internal Risk Manager is responsible for identifying, assessing, and mitigating risks that could affect the organization's operations and objectives. They develop risk management strategies, implement policies, and collaborate with various departments to ensure comprehensive risk oversight.

What will you be doing

Risk Identification: Identify potential risks across various areas, including financial, operational, reputational, regulatory, and technological risks.

Risk Assessment: Conduct thorough risk assessments, analyzing the likelihood and impact of identified risks, and prioritizing them based on their significance.

Risk Mitigation: Develop and implement strategies, policies, and controls to mitigate identified risks and prevent potential losses or disruptions.

Risk Monitoring: Continuously monitor risk factors and controls, and evaluate their effectiveness, making adjustments as necessary to reflect changing circumstances.

Reporting: Prepare and present comprehensive risk reports to senior management and relevant stakeholders, highlighting key risks, mitigation strategies, and ongoing monitoring results.

Policy Development: Work with senior management to develop risk management policies and procedures, ensuring they align with the organization's objectives and regulatory requirements.

Training and Awareness: Educate and train staff on risk management principles, policies, and procedures, ensuring a culture of risk awareness throughout the organization.

Compliance: Ensure all risk management activities comply with relevant regulations and industry standards, and coordinate with compliance teams as needed.

Collaboration: Collaborate with other departments, including finance, operations, and legal, to integrate risk management strategies into broader business processes.

Continuous Improvement: Stay informed about industry trends, emerging risks, and best practices to refine risk management strategies and methodologies.

What you should bring with

Education: A Bachelor's or Master's degree in Business Administration, Finance, Risk Management, or a related field is typically required.

Certifications: Professional certifications such as Certified Risk Manager (CRM) or Financial Risk Manager (FRM) are preferred.

Experience: Strong 8 years of experience in risk management or a related field, including experience with risk assessment, mitigation, and monitoring.

Skills: Strong analytical and problem-solving skills, effective communication, leadership, attention to detail, and the ability to work collaboratively across departments.

Skills: Risk Management, Machine Learning, Analytical, Risk Assessment, Budget Planning, Problem-solving, Leadership, Data Science, Collaboration, Attention To Detail, Financial Planning, Communication, risk monitoring

Experience: 8.00-10.00 Years